Cannabis Law Report

FEBRUARY 21, 2022

Last week, the New York Senate and Assembly approved Senate Bill S8084A , a bill to provide provisional marijuana cultivator and processor licenses for existing hemp businesses. Conditional Adult-Use Cultivator License. Championed by Senator Michelle Hinchey, the bill has been delivered to Governor Hochul and is awaiting signature.

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Conditions Cultivation Programs Agriculture 52

Illinois News Joint

OCTOBER 9, 2023

Provide that no person shall cultivate or grow hemp for commercial purposes unless licensed by the Department of Agriculture and subject to the rules of the Department. Provide that hemp farms may not create hemp extractions without a processor license. Create in the State treasury a special fund known as the Hemp Social Equity Fund.

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Hemp Cannabinoids Safety Retail 105

Cannabis Law Report

JANUARY 23, 2020

“After taking the first steps towards the liberalization of hemp cultivation over the course of the last few years, at the end of 2018 Thailand’s government decided to legalize medical cannabis as the first Southeast Asian country. Healthcare expenditure estimated by 2024. Estimated Prevalence of cannabis users by 2024.

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Research and Development Oil Cultivation DEA 59

Veriheal

JUNE 12, 2023

Jason MacLean isn’t new to cannabis cultivation and genetic breading. He has been immersed within the cannabis community in Denver for over 15 years, working as a horticulturist and cultivator. And he also led the efforts that granted Cherry the Best Wholesale Cultivation award in the 2021 Best of Denver awards.

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Cannabis Law Report

JANUARY 4, 2022

Over $140 Million in Revenue Expected Over the First Three Years of Cultivation and Over $400 Million in Total Revenue Projected for the 10-Year Term of the Agreement. Gold Leaf is one of only 22 licensed centers and one of only 16 active operators in Florida, and the organization is planning to open 20 dispensaries in the state by 2024.

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Extraction Cultivation Programs Data 52

Cannabis Law Report

AUGUST 19, 2021

The Thai government has adopted a protective stance toward Thai stakeholders-especially during the first stage of cannabis legalization, which runs until 2024. The Narcotics Act (No. 1) took effect, declaring cannabis and hemp category 5 narcotics. January 1, 2018. December 14, 2020. January 29, 2021.

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Hemp Business Research and Development Sativa 105

The Blunt Truth

APRIL 20, 2021

The term does not include industrial hemp, as defined in state law, that is grown, dealt, or processed in compliance with state or federal law, unless it has been acquired and formulated with cannabis plant extract by a pharmaceutical processor. Retail sales will not begin until January 1, 2024.

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Recreational Legalization Oil Extraction 77

SpeedWeed

FEBRUARY 22, 2021

US retail marijuana sales rose approximately 40 percent last year, with projected revenue of $37 billion by 2024 (Source: Marijuana Business Daily). Via their existing cannabis cultivation facility, INTEGRATED NATIONAL RESOURCES INC. The vertical integration of INTEGRATED NATIONAL RESOURCES INC.

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Cannabis Law Report

AUGUST 24, 2021

NASDAQ: FLGC) (“Flora” or the “Company”), an all-outdoor cultivator and manufacturer of global cannabis products and brands, today announced it has closed the previously announced € 2M (two-million Euros) investment in Hoshi International Inc. MIAMI & TORONTO–(BUSINESS WIRE)–Flora Growth Corp. billion by 2028. billion by 2025.

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Events Cultivation Access Business 81

The Joint Blog

DECEMBER 19, 2023

As the year 2024 approaches, cannabis businesses must not only adapt to a new business landscape but also triumph over their competition. In 2024, sustainable packaging is not just a buzzword; it’s a business imperative. Personalized packaging goes beyond aesthetics; it cultivates brand loyalty and enhances recognition.

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Cannabis Law Report

APRIL 9, 2022

Cultivation. Cultivation Technician. Director of Cultivation. Extraction Technician. Director of Extraction. Expect a flurry of new cannabis jobs across all sectors (cultivation, manufacturing, retail) this year. In 2024, a vote on adult-use cannabis may propel the market to greater heights.

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Seed-To-Sale Education Packaging Cannabis 52

Cannabis Law Report

DECEMBER 31, 2021

The new location will have nine points of sale and will feature Ayr branded products like Origyn Extracts, Seven Hills and Revel flower as well as an assortment of third-party brands sources from throughout the state. Annual state-wide medical marijuana sales are expected to surpass $1 billion in 2024 according to BDSA.

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Dispensary Events Cultivation Agriculture 52

Cannabis Law Report

NOVEMBER 4, 2021

The Advisory Board tasked the products subcommittee with making recommendations on product testing, cultivation techniques, and consumer protection. These recommendations require OAH to review allowable species every 12 months starting in January 2024.

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SpeedWeed

APRIL 3, 2021

billion by 2024. So, the demand is there, and it should spur more immature markets like Michigan to look to more competitive markets in states like California for guidance on how to ensure that a diverse array of cultivators and processors are represented on dispensary shelves. Consumers deserve that. .

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Dispensary Business Packaging Retail 52

SpeedWeed

JULY 29, 2021

The new decree also allows manufacturers to produce goods such as oils, extracts, textiles or food containing “non-psychoactive cannabis”—so long as they are limited to biomass containing less than 1% of THC. Duque’s office estimates that the global market for medicinal and industrial cannabis may be worth US$62 billion by 2024.

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Seed-To-Sale Medicine Food Cannabis 52

SpeedWeed

JULY 28, 2021

The new decree also allows manufacturers to produce goods such as oils, extracts, textiles or food containing “non-psychoactive cannabis”—so long as they are limited to biomass containing less than 1% of THC. Duque’s office estimates that the global market for medicinal and industrial cannabis may be worth US$62 billion by 2024.

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Seed-To-Sale Medicine Food Extraction 52

SpeedWeed

JULY 28, 2021

The new decree also allows manufacturers to produce goods such as oils, extracts, textiles or food containing “non-psychoactive cannabis”—so long as they are limited to biomass containing less than 1% of THC. Duque’s office estimates that the global market for medicinal and industrial cannabis may be worth US$62 billion by 2024.

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Retail Seed-To-Sale Medicine Food 52

Cannabis Law Report

NOVEMBER 29, 2021

House Bill 2 : This legislation permits those ages 21 and older to legally purchase up to two ounces of marijuana and/or up to 16 grams of cannabis extracts from licensed retailers. It also permits adults to home-cultivate up to six mature plants for their own personal use. The law took effect on June 29, 2021.

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Kind Meds (Cannabis Education Blog)

APRIL 9, 2024

Since 2013, the cannabis creators at Halo Infusions & Extractions have taken pride in developing high-quality edibles and other delightful cannabis-infused treats for their expanding client base. There are only a small number of dispensary and cannabis cultivation licenses available at any given time through the state’s cannabis program.

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SpeedWeed

JULY 29, 2021

The new decree also allows manufacturers to produce goods such as oils, extracts, textiles or food containing “non-psychoactive cannabis”—so long as they are limited to biomass containing less than 1% of THC. Duque’s office estimates that the global market for medicinal and industrial cannabis may be worth US$62 billion by 2024.

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Media Business Law Seed-To-Sale 40

Cannabis Law Report

FEBRUARY 14, 2020

Production volume in fiscal Q2 was 30,691 kilograms, in-line with previous expectations as Aurora realigned its cultivation strategy to produce a greater amount of higher value and higher potency strains. US$345 million of senior unsecured convertible debentures due February 2024. Canada cannabis extracts (1).

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Extraction Conditions Events Business 45

Cannabis Law Report

NOVEMBER 7, 2019

All three tranches of the Incentive Warrants will expire on November 7, 2024, and vest over two years, with 50% vesting on each of November 6, 2020 and November 6, 2021. The second tranche of 2.5 million Incentive Warrants has an exercise price of US$3.81. The third tranche of 2.5 million Incentive Warrants has an exercise price of US$5.86.

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Pharmaceutical Collective Extraction Policy 40

Cannabis Law Report

JUNE 30, 2019

The Utah Department of Agriculture and Food (UDAF) is urging all companies that plan to apply for one of the limited number of licenses to cultivate medical cannabis in the state to start the process of obtaining the required background checks now. billion in 2024, nearly triple the US$14.9 International. and Hexo Corp.’s

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Chronic Pain Legislation Treatment Programs 40

Veriheal

FEBRUARY 17, 2022

Now, pro-cannabis groups have their sights set on 2024. . There are two years still to go until the 2024 ballot takes place. Rather, the avid cannabis supporter stated that a January 2023 deadline would be more feasible to ensure that Wyoming’s legalization initiatives face a fair vote at the 2024 ballot.

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Decriminalization Legislation Cultivation Cannabis 98

Canna Law Blog

JANUARY 14, 2025

During the discussion, Czechia presented its three-pillar approach to cannabis regulation: (1) decriminalization ( in 2010, Czechia decriminalized cultivating up to five plants and possessing up to half an ounce of marijuana ); (2) regulation of “psychomodulatory substances”; and (3) full commercial regulation.

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Canna Law Blog

JANUARY 23, 2025

Ability to source marijuana genetic material from outside Colorado Senate Bill 23-271 , which went into effect in early 2024, aims to enhance Colorados marijuana industry. A key provision allows licensed marijuana cultivators to source genetic material from approved entities in other jurisdictions. percent on a dry weight basis.

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Seed-To-Sale DEA Marijuana Sativa 105

Canna Law Blog

FEBRUARY 20, 2022

Why New York wants to let hemp licensees cultivate and process cannabis. New York hemp licensees can cultivate, process, and distribute with the cultivator license. a temporary conditional adult-use processor license to process and distribute cannabis products.

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Hemp Conditions Cultivation Cannabis 98

Cannabis Law Report

AUGUST 30, 2019

Australia is poised to become a leader in cannabis cultivation with the announcement of a partnership between Sydney-based Greenfield MC and Emerald Plants Health Source. billion by 2024. Victorino’s company, Legacy Ventures Hawaii, will grow, extract and sell hemp products throughout Hawaii beginning this year.

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Banking Research and Development Legislation Programs 45

Cannabis Law Report

JANUARY 3, 2020

billion in 2019 and shatter the $40 billion mark by 2024. A formula written into the Nevada constitution at the dawn of statehood allows mining companies to deduct the costs of extraction and other expenses from the price of sales. About half of the taxes derived from mining are returned to the counties where the extraction occurred.

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Extraction Cannabis Environment History 61

Kind Meds (Cannabis Education Blog)

FEBRUARY 7, 2022

Historical evidence suggests that humans worldwide have been cultivating and consuming cannabis for tens of thousands of years, but cannabis use has skyrocketed in recent years, especially in the US. Virginia also legalized cannabis in 2021, but residents can expect to wait until 2024 before they can purchase cannabis products.

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Recreational Data Cannabis DEA 52